Can I retire at age 64 with 4,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$338,574$335,558$332,616$329,744$326,940$323,930
2 years$167,611$164,489$161,464$158,531$155,686$152,653
3 years$110,631$107,496$104,478$101,572$98,773$95,812
4 years$82,146$79,021$76,033$73,177$70,446$67,579
5 years$65,060$61,953$59,005$56,207$53,552$50,788
6 years$53,673$50,589$47,685$44,949$42,374$39,715
7 years$45,542$42,485$39,626$36,955$34,461$31,910
8 years$39,447$36,417$33,606$31,001$28,589$26,145
9 years$34,709$31,708$28,945$26,406$24,076$21,738
10 years$30,921$27,949$25,235$22,762$20,514$18,281
11 years$27,823$24,881$22,216$19,810$17,643$15,513
12 years$25,244$22,332$19,716$17,376$15,289$13,260
13 years$23,063$20,182$17,615$15,340$13,332$11,402
14 years$21,195$18,345$15,827$13,617$11,687$9,853
15 years$19,578$16,758$14,290$12,144$10,290$8,550
16 years$18,165$15,375$12,956$10,874$9,094$7,445
17 years$16,918$14,160$11,790$9,770$8,064$6,503
18 years$15,812$13,085$10,762$8,805$7,170$5,694
19 years$14,823$12,127$9,852$7,956$6,391$4,996
20 years$13,935$11,269$9,042$7,206$5,708$4,393
21 years$13,132$10,496$8,317$6,540$5,108$3,868
22 years$12,402$9,798$7,665$5,946$4,579$3,411
23 years$11,738$9,164$7,078$5,415$4,110$3,012
24 years$11,129$8,586$6,546$4,939$3,694$2,663
25 years$10,570$8,057$6,062$4,510$3,324$2,356
26 years$10,055$7,573$5,623$4,124$2,994$2,086
27 years$9,579$7,127$5,221$3,775$2,700$1,849
28 years$9,138$6,716$4,854$3,459$2,436$1,639
29 years$8,728$6,335$4,517$3,172$2,200$1,455
30 years$8,346$5,983$4,207$2,911$1,988$1,291
31 years$7,989$5,656$3,922$2,673$1,797$1,147
32 years$7,655$5,352$3,660$2,457$1,625$1,019
33 years$7,342$5,068$3,417$2,259$1,471$905
34 years$7,049$4,803$3,193$2,079$1,332$805
35 years$6,772$4,556$2,985$1,914$1,206$716
36 years$6,512$4,324$2,792$1,762$1,093$637
37 years$6,266$4,107$2,614$1,624$991$567
38 years$6,034$3,903$2,447$1,497$898$504
39 years$5,814$3,712$2,293$1,380$814$449
40 years$5,605$3,531$2,149$1,273$739$399
41 years$5,408$3,361$2,015$1,174$670$356
42 years$5,220$3,201$1,890$1,084$608$317
43 years$5,041$3,050$1,774$1,000$552$282
44 years$4,871$2,907$1,665$924$501$251
45 years$4,709$2,773$1,563$853$455$224
46 years$4,555$2,645$1,468$788$413$199
47 years$4,408$2,524$1,380$728$375$177
48 years$4,267$2,410$1,296$673$341$158
49 years$4,132$2,301$1,219$622$309$141
50 years$4,003$2,198$1,146$575$281$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,100,000, adding $4,762 every year, while hoping to spend $54,927 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/32/21 Blend
63$4,100,000$4,100,000$4,100,000$4,100,000
64$4,523,112$4,305,812$4,242,262$4,708,448
65$4,926,028$4,458,355$4,325,936$4,990,976
66$5,368,200$4,616,531$4,410,572$5,291,590
67$5,853,574$4,780,560$4,496,144$5,616,753
68$6,386,498$4,950,667$4,582,625$5,968,785
69$6,971,760$5,127,089$4,669,982$6,350,239
70$7,614,635$5,310,071$4,758,181$6,763,922
71$8,320,933$5,499,870$4,847,186$7,212,923
72$9,097,056$5,696,751$4,936,954$7,700,637
73$9,950,056$5,900,993$5,027,443$8,230,800
74$10,887,703$6,112,883$5,118,603$8,807,524
75$11,918,557$6,332,722$5,210,384$9,435,332
76$13,052,047$6,560,822$5,302,730$10,119,200
77$14,298,563$6,797,510$5,395,579$10,864,607
78$15,669,554$7,043,125$5,488,868$11,677,581
79$17,177,630$7,298,021$5,582,527$12,564,759
80$18,836,689$7,562,564$5,676,481$13,533,446
81$20,662,040$7,837,138$5,770,652$14,591,683
82$22,670,553$8,122,143$5,864,954$15,748,323
83$24,880,815$8,417,993$5,959,296$17,013,113
84$27,313,307$8,725,124$6,053,581$18,396,786
85$29,990,594$9,043,985$6,147,706$19,911,159
86$32,937,542$9,375,047$6,241,561$21,569,244
87$36,181,547$9,718,801$6,335,030$23,385,370
88$39,752,799$10,075,756$6,427,987$25,375,320
89$43,684,562$10,446,445$6,520,302$27,556,471
90$48,013,489$10,831,423$6,611,834$29,947,964
91$52,779,969$11,231,267$6,702,435$32,570,881
92$58,028,508$11,646,581$6,791,948$35,448,440
93$63,808,144$12,077,992$6,880,207$38,606,216
94$70,172,916$12,526,154$6,967,035$42,072,380
95$77,182,369$12,991,752$7,052,247$45,877,962
96$84,902,119$13,475,496$7,135,645$50,057,142
97$93,404,468$13,978,129$7,217,023$54,647,575
98$102,769,091$14,500,424$7,296,160$59,690,738
99$113,083,782$15,043,189$7,372,825$65,232,326
100$124,445,288$15,607,265$7,446,774$71,322,676